Wow, the news gets better and better here folks. What is REALLY going on in this country? How do we let these people run our government? Well, actually its the people who appoint these idiots that we should really hold accountable.

A recent story regarding Henry Paulson and Ben Bernanke is surfacing about how they are admitting that they cannot account for 2 Trillion dollars of the money that was given out for the bailout. I can’t even keep track of how much money they were supposed to allot for this crisis. The last I knew it was supposed to be $700 Billion. Now its 3X that amount.

“We have no idea who got this money or the conditions or collateral put up in return for the loans. ”

Time to wake up America, you are being robbed, deaf dumb and blind. My guess is there is a plan to bankrupt this country. These guys are as much as admitting to it if you ask me. If they can deal out this kind of money and not be accountable to it, can you show me how I can go about getting into this business, how do I start one of these programs that were started in the last few months that were appropriated some of the funds? Absolutely CRIMINAL!!

I recently read an article about some Christian fanaticals who decided it was time to get in touch with the bull on Wall St. and make him change his ways. Hilarious stuff. Lots of comments from this post which add to the laughing stock these people become. It makes me realize that no matter how sophisticated we think we are, we’re still very primitive and ritualistic.

It also makes me think of the election. We’re about to go into the polling booths on Tuesday and vote for…… who? The way people adore and adulate Barack Obama, you would think he is the next coming of the savior himself. I won’t elaborate on this, because I’ve posted about it before here.

Jim Cramer with a very pointed and barbed attack against the establishment “insiders” who are taking this country down the drain. Everyone with half a brain can see what is happening in this country. The real question is “why”? I’ve read stories over the past few years that they have encouraged people to dip their toes in the stock market, the water is fine etc. This more or less proves my own theory as to why the little guy should NOT be in the stock market. Say what you will, but a lot of people are getting hurt and it’s getting worse. Take the time to listen to what he has to say, it might be valuable to you:

As if the news couldn’t get any worse. Thought I would try to lighten it a bit by being a bit humourous with the headline. Of couse, it’s not good news, it’s more of the same, rising fuel prices. I guess anyone could predict this, it’s just a matter of how high the actual prices might top off. Anyone want to start a poll? This report states that the Energy Information Association (EIA) predicts that natural gas prices will rise 52% over 2008 – 2009 compared to last year. Other factors could contribute to steeper prices.

A recent report to Congress by four energy analysts stated that gas could fall to $2.00 a gallon within 30 days if they implemented a law to limit speculation.

Based on their assessment crude oil should not be above $60.00/ barrel. So, why does this continue, and can the speculation be limited? Is this what is really causing these high fuel prices? Could very well be. Some people believe it’s simply supply and demand. I tend to think someone is making a very good income and making their portfolio look very strong by speculating.

“Energy speculation has become a growth industry and it is time for the government to intervene,” said Rep. John Dingell, D-Mich., chairman of the full committee. “We need to consider a full range of options to counter this rapacious speculation.” It was Dingell’s strongest statement yet on the role of speculators.

After reading this story, it sounds a little more complicated than just pulling the plug on speculation and or limiting it’s functionality. Sure would be nice if it were true and could be done, but, nothing is that easy as we all know.

Yesterday there was a story reported on CNNMoney.com how the Airlines industry is reeling from the continuing rise in fuel costs. United Airlines announced today they will lay off some 950 pilots in an effort to conserve cash reserves and stay afloat.

Pressured by rising fuel costs, major airlines could collapse as early as this year, the coalition said. The failure of just one airline could disrupt travel for 200,000 to 300,000 daily passengers and cause between 30,000 and 75,000 immediate job losses, said the coalition.

Imagine the impact on the economy if the airline industry as a whole goes under. Business travel slowed to a crawl. Important parts and supplies slowed down by days and weeks. Travel and leisure becoming regional with only the elite being able to travel by private jets, hmmmmmm, sounds more and more like a bad science fiction novel. Is this what is ahead of us? Is this what is “planned”? I’m beginning to wonder who or what is really driving this whole thing. Add some serious wobble to this story.

The Royal Bank of Scotland has issued a warning to it’s clients that they should brace for a full market crash in the next 3 months. They have stressed that inflation is going to take hold in a big way and that the S & P 500 could fall as much as 300 points. It’s a very grim prognostication and they warn people that cash is the key.

Alot of people have been forecasting similar downturns. There is another ugly date coming in the fourth quarter when over 500 Billion in Adjustable Rate Mortgages come due. That report can be read on the Dr. Housing Bubble Website: